Shares of Sphinx Resources Ltd (CVE:SFX) fell 16.7% during trading on Wednesday . The stock traded as low as C$0.03 and last traded at C$0.03, 98,000 shares were traded during trading. A decline of 1% from the average session volume of 99,181 shares. The stock had previously closed at C$0.03.

The firm has a market cap of $3.79 million and a P/E ratio of -4.17. The company has a debt-to-equity ratio of 35.67, a quick ratio of 2.38 and a current ratio of 2.43. The firm’s fifty day moving average is C$0.03 and its 200 day moving average is C$0.04.

Sphinx Resources Company Profile (CVE:SFX)

Sphinx Resources Ltd. engages in the acquisition, exploration, and development of mineral properties in Canada. It primarily explores for nickel, copper, gold, platinum, and palladium deposits. The company holds 100% interests in the Calumet-Sud project with 21 claims covering 12 km2 located in the Pontiac regional county municipality of southwestern Quebec; and the Green Palladium project with 74 claims covering 41 km2.

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